Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. IX
March 6, 2015
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE ShopRite operates more than 250 locations throughout CT, DE, MD, NJ, NY and PA. The supermarkets occupy spaces of 65,000 sq.ft. to 70,000 sq.ft. in freestanding locations and neighborhood, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout CT, DE, MD, NJ, all surrounding counties of greater New York, NY with an emphasis on Long Island and the surrounding boroughs, as well as in PA during the coming 18 months. Preferred demographics include a population of 40,000 to 60,000 within five miles. A land area of seven to 10 acres is required for freestanding locations. For more information, contact Tish Daly, Lisa Ham, Craig Grybowski, Richard Matwes or Alex Arancio, Wakefern Food Corp., 33 Northfield Avenue, Edison, NJ 08837; Email: tish.daly@wakefern.com; Web site: www.shoprite.com. Jons Markets, Inc. trades as Jons Marketplace at 13 locations throughout CA. The supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. For more information, contact John Berberian, Jons Markets, Inc., 5315 Santa Monica Boulevard, Los Angeles, CA 90029; 323-460-4646, Fax 323962-2754; Email: corp@jonsmarketplace.com; Web site: www.jonsmarketplace.com.
Demoulas Supermarkets, Inc. trades as Market Basket at more than 70 locations throughout MA, ME and NH. The supermarkets occupy spaces of 76,000 sq.ft. to 135,000 sq.ft. in freestanding locations, outlet, power and specialty centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets, in addition to RI, during the coming 18 months, with representation by RMD, Inc. Preferred cotenants include Walmart, discount retailers and junior department stores. The company prefers new construction opportunities. For more information, contact Michael Kettenbach, RMD, Inc., 881 East Street, Tewksbury, MA 01876; 978-851-0200, Fax 978-851-4962; Email: mkettenbach@rmd-inc.net; Web sites: www.rmd-inc.net and www.mydemoulas.net. G.F. Buche Co. trades as Buche’s Foods and Gus Stop at 11 locations throughout SD. The supermarkets occupy spaces of 14,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Lucy Leines, G.F. Buche Co., 102 South Main Street, Wagner, SD 57380; 605-384-4300, Fax 605-3844333; Email: lucy@gfbucheco.com; Web site: www.buchefoods.com. (continued on page seven)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 38,721 locations with plans to open 2,854 sites • Real estate valued in excess of $188 million to be bought, sold & financed • Leasing activity on over 2 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
POST-SHOW ICSC MID-ATLANTIC CONFERENCE New Construction Schuckman Realty, Inc. is preleasing a retail development in Roslyn, NY............................. Pg. 3 Buyers and Sellers Primestor Development, Inc. acquired retail assets in AZ, CA and TX........................................ Pg. 4 Who’s Opening and Where Batteries + Bulbs to open 50 locations..................................... Pg. 5 Native Foods Café to open 30 units........................................... Pg. 5 Food Chains Expand Five Guys Famous and Fries expanding in select areas in NY and CT....................................... Pg. 6 Making the News Velocity Retail Group taps vice president.................................... Pg. 7 Sources of Financing Cronheim Mortgage places $48 million loan................................ Pg. 7 Lease Signings Bennett Williams Realty, Inc. inks deal with Amelia’s Grocery Pg. 8 Exclusives and Tenant Reps R.J. Brunelli & Co. represents Speedpro Imaging nationwide.... Pg. 8 Lead Sheet U.S. Money Shop to enter select markets in NC and SC................ Pg. 11 Drybar to enter FL, NV and PA.... Pg. 11 Cost Plus World Market to open up to 25 stores............................ Pg. 11 Vans to open 25 to 30 stores...... Pg. 12 Space Place................................ Pg. 14
QUALITY High Quality Grocery-Anchored Shopping Centers
Whether it’s redevelopment, property management, leasing or acquisitions, UBP makes sound, strategic decisions based on solid demographics, broad experience, and stable resources resulting one of the highest quality portfolios of assets in our industry.
GROWTH Exciting New Acquisition & Retail Opportunities
Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.
FOCUS NY Tri-State Market Area Dominance
UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in 70 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.
UBA UBP
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NEW CONSTRUCTION Silbert Realty & Management Co., Inc. is preleasing the proposed redevelopment of a former Sears distribution center situated on 27 acres along Maywood Avenue in Maywood, NJ. The site would be branded as The Maywood Town Center, a 260,000 sq.ft. retail project. Pad sites and built-to-suit sites of 10,000 sq.ft. and up are available. Area retailers include Duane Reade, Home Depot, Wholesale Liquidators, Muscle Maker Grill, Longhorn Steakhouse, Chase Bank, Pathmark, Dunkin’ Donuts and Capital One Bank. The site is adjacent to the
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Creative Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
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proposed Hackensack University Wellness Medical Center. Area demographics include a population of 613,094 within a five-mile radius earning $83,184 as the average household income. The company is also preleasing The Village at Sparta, a proposed 175,000 sq.ft. mixed-use development located along Lafayette Road/State Route 15 in Sparta Township, NJ. An 80,000 sq.ft. Shop Rite will anchor the retail portion of the project. Phase two of development will feature a proposed 100-unit hospitality component, office/medical space and a residential component. Pad sites and shop spaces from 2,000 sq.ft. to 18,000 sq.ft. will be available. Area demographics include a population of 60,342 within a seven-mile radius earning $92,371 as the median household income. The average daily traffic count is 24,863 vehicles. The center is slated for occupancy by the first quarter of 2016. For more information regarding Maywood Town Center, contact Louis G. Novick or Wayne L. Kasbar, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900 Ext. 23/36, Fax 908-6042030; Emails: lnovick@silbertrealestate.com and wkasbar@silbertrealestate.com; Web site: www.silbertrealestate.com. For more information regarding The Village at Sparta, contact Wayne L. Kasbar or Brian S. Silbert; Ext. 15; Email: info@silbertrealestate.com. Schuckman Realty, Inc. is preleasing a retail development at the intersection of Northern Boulevard and Searingtown Road in Roslyn, NY. Shop spaces are available. Area retailers include Americana Manhasset, Whole Foods Market and Bed
Bath & Beyond. The average daily traffic count is more than 35,000 vehicles on Northern Boulevard. The company is also preleasing the expansion of Expressway Plaza, a shopping center located at the intersection of North Ocean Avenue and Horseblock Road in Farmingville, NY. The expansion will increase the GLA to 230,000 sq.ft. A restaurant pad site of up to 7,000 sq.ft. is available. Cotenants will include LA Fitness. For more information regarding the site in Roslyn, contact Jessica Vilmenay or Kenneth Schuckman, Schuckman Realty, Inc., 7600 Jericho Turnpike, Woodbury, NY 11797; 516496-8888; Emails: jessica@schuckmanrealty.com and ken@schuckmanrealty.com; Web site: www.schuckmanrealty.com. For more information regarding the Expressway Plaza property, contact Jessica Vilmenay, Kenneth Schuckman or Edward Gottlieb; Email: ed@schuckmanrealty.com. CBRE, Inc. is preleasing a retail component of a parking garage, with 1,038 parking spaces, located along Sunset Avenue in Indianapolis, IN. Plans call for 15,000 sq.ft. of retail space on the first floor, with available spaces ranging from 1,200 sq.ft. to 8,400 sq.ft. The site is situated on the Butler University campus. Area demographics include a population of 84,897 within a three-mile radius earning $57,775 as the average household income. For more information, contact Donna Hovey or Gordon Hendry, CBRE, Inc., 101 West Washington Street, Suite 1000 E, Indianapolis, IN 46204; 317-2691138/1183; Emails: donna.hovey@cbre.com and gordon.hendry@cbre.com; Web site: D www.cbre.com. M
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Silbert Realty & Management Co. is preleasing the proposed redevelopment of a former Sears distribution center Maywood, NJ. March 6, 2015 | Page 3
BUYERS AND SELLERS SRS Real Estate Partners recently negotiated the sale of a 61,333 sq.ft. neighborhood shopping center located at the intersection of Canoe Creek Road and Old Canoe Creek Road in St. Cloud, FL. At the time of the sale, the property was anchored by Winn-Dixie. The site was acquired for $7.7 million. For more information, contact Colette Walsh-Lerwis, SRS Real Estate Partners, 3400 Peachtree Road, Suite 1100, Atlanta, GA 30326; 404-231-2232; Email: colette.walsh@srsre.com; Web site: www.srsre.com. N3 Real Estate recently acquired an 11,928 sq.ft. shopping center in Muskegon, MI. At the time of the acquisition, the center tenanted America’s Best, Asian Express, AT&T Mobility, GNS Java and That 70’s Dough. The company also recently acquired Teal Plaza, a 97,831 sq.ft. shopping center in Lafayette, IN. At the time of acquisition, the property was 100% occupied and tenants included Pep Boys, Planet Fitness, The Salvation Army and Harbor Freight. For more information, contact Brenna Wadleigh, N3 Real Estate, 620 East Southlake Boulevard, Southlake, TX 76092; 817-5526781; Email: bwadleigh@n3realestate.com. Capital Pacific is selling a 9,000 sq.ft. strip center situated on 0.82 acres in Danville, IL. The property is currently occupied by Mattress Firm, All About Eyes and Cellular One and is adjacent to Kohl’s, T.J. Maxx and Meijer. The asking price is $2.97 million with a Cap rate of 7.25%. For more information, contact John Andreini, Capital Pacific, 180 Montgomery, Suite 1250, San Francisco, CA 94104; 415274-2715; Email: jandreini@capitalpacific.com; Web site: www.capitalpacific.com.
Primestor Development, Inc. recently acquired the following retail properties: Sylmar Towne Center, a 148,236 sq.ft. shopping center along Glenoaks Boulevard in Sylmar, CA and anchored by Food 4 Less; Palm Glen Shopping Center, a 175,686 sq.ft. shopping center located along West Glendale Avenue in Phoenix, AZ; a Logan’s Roadhouse restaurant in San Antonio, TX and an LA Fitness gym located along East Garvey Avenue North in West Covina, CA. For more information, contact Primestor Development, Inc., 201 South Figueroa Street, Suite 300, Los Angeles, CA 90012; 888-722-3702; Web site: www.primestor.com. Cushman & Wakefield recently negotiated the sale of Baybrook Gateway, a 236,854 sq.ft. regional power center located in Houston, TX. At the time of the sale, the property was 65% occupied and tenants included Ashley Furniture, Michaels, Aaron Bros., Cost Plus World Market and Barnes & Noble. The company represented the seller in the transaction. For more information, contact Tom Salanty, Cushman & Wakefield, 2101 Cedar Springs Road, Suite 900, Dallas, TX 75201; 972-6639693; Email: tom.salanty@cushwake.com; Web site: www.cushmanwakefield.com. Calkain Cos. is selling Legends Pointe, a 41,902 sq.ft. shopping center situated on 4.3 acres along US Highway 27 in Clermont, FL. The property is currently 100% occupied. The asking price is $7.65 million with a Cap rate of 8.25%. For more information, contact Doug Kinson, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 407749-1999; Email: dkinson@calkain.com; Web site: www.calkain.com.
Capital Pacific is selling a 9,000 sq.ft. strip center in Danville, IL. Page 4 | March 6, 2015
Colliers International is selling Heights Plaza, a 370,000 sq.ft. shopping center located along Freeport Road in Natrona Heights, PA. Big Lots anchors the center and tenants include Planet Fitness, Dollar Bank and Wendy’s. The asking price is $28.5 million. The company is also selling a retail property currently occupied by Kohl’s and Guitar Center in Ft. Collins, CO. Area draws include Colorado State University. The asking price is $13.995 million with a Cap rate of 7.25%. The company is also selling Bellflower Plaza, a 12,300 sq.ft. shopping center located at the intersection of Alondra Boulevard and Bellflower Boulevard in Bellflower, CA. The property is currently 100% occupied, with tenants including Panda Express, T-Mobile, Little Caesars and GameStop. The average daily traffic count is 46,000 vehicles. The asking price is $3.67 million with a Cap rate of 7%. For more information regarding Heights Plaza, contact Gregg Broujos or Justin Kline, Colliers International, 5757 West Century Boulevard, Suite 700, Los Angeles, CA 90045; 412-321-4200 Ext. 206/203; Emails: gregg.broujos@colliers.com and justin.kline@colliers.com; Web site: www.colliers.com. For more information regarding the Ft. Collins property, contact Kyle Matthews, 310-321-1888; Email: kyle.matthews@colliers.com. For more information regarding Bellflower Plaza, contact Patrick Barnes or Scott Heaton, 865 South Figueroa Street, Suite 3500, Los Angeles, CA 90017; 213-532-3290/323-2783110; Emails: patrick.barnes@colliers.com and scott.heaton@colliers.com. Retail Solutions recently negotiated the sale of Pflugerville Town Center, an 8,066 sq.ft. shopping center located in Pflugerville, TX. At the time of sale, the property was 100% occupied. For more information, contact Ryan Hoff, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512474-5557; Email: ryan@retailsolutions.us; Web site: www.retailsolutions.us. Sperry Van Ness recently negotiated the sale of a portion of Union Town Center, a shopping center located at the intersection of Research Parkway and Union Boulevard in Colorado Springs, CO. At the time of the sale, the property was 97% occupied and shadow-anchored by Albertsons and was acquired for $10.8 million. For more information, contact Dean F. Corey, Sperry Van Ness, 1660 South Albion Street, Suite 427, Denver, CO 80222; 303217-7005; Email: dean.corey@svn.com; D Web site: www.svn.com. M Dealmakers Magazine | www.dealmakers.net
WHO’S OPENING AND WHERE Whole Foods Market, Inc. (512-477-4455) is planning to open a 47,000 sq.ft. Whole Foods Market at a mixed-use development situated on 5.4 acres at the intersection of Stonewall Street and Caldwell Street in Charlotte, NC during 2017. The project will feature 450 luxury apartment units. The chain, offering organic and natural food items, currently operates more than 400 specialty supermarkets nationwide and in Canada and the United Kingdom and also operates under a spa concept trading as Milk + Honey Spa. Hudson’s Bay Co. (212-940-5305) is planning to open a 40,000 sq.ft. Saks Fifth Avenue OFF Fifth outlet store at City Center, a shopping center development located at the intersection of 6th Street and Nicollet Mall in downtown Minneapolis, MN during April 2016. Sports Authority is also slated to open at the site. The company trades as Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks Fifth Avenue OFF Fifth and Home Outfitters. REI (800-426-4840) is planning to open a 27,400 sq.ft. freestanding store at Pembroke Mall in Virginia Beach, VA during spring 2016. The company is also opening stores in Christiana, DE and West Des Moines, IA during 2016. The chain, offering outdoor apparel and footwear for the family, camping gear, and accessories, as well as travel items, currently operates 138 locations. Nordstrom, Inc. (206-628-2111) is planning to open a 32,500 sq.ft. Nordstrom Rack store at the site of a former Sears at Pembroke Mall during spring 2016. The chain offers apparel, footwear and accessories for men and women, and currently operates more than 290 locations nationwide, trading as Nordstrom, Nordstrom Rack, Jeffrey boutique and one clearance outlet.
Rouses Enterprises, LLC (985-447-5998) is planning to open a Rouses Markets supermarket along Williams Boulevard in Kenner, LA during the summer, along with a location at the Berryland Shopping Center in Ponchatoula, LA, during October. Both shops will be at the site of former WinnDixie grocery stores. The company currently operates 45 locations stretching from Lafayette, LA to Gulf Shores, AL.
Wayback Burgers (877-525-3791), through franchise expansion, is seeking to open restaurants throughout the Northeastern region of the U.S., as well as nationwide. The company currently operates more than 100 locations throughout 24 states nationwide and plans to open in 32 countries throughout the Middle East and northern Africa, in addition to expanding throughout Argentina, Canada, Mexico and Pakistan.
Farm Stores (800-726-3276), through a franchised expansion plan, is seeking to open locations throughout FL and in select suburban markets nationwide. The chain of drive-thru convenience stores offers groceries, household items, prepared foods and baked goods and currently operates 70 locations in FL.
Cotton Patch Café, LLC (817-865-6500) is planning to open Cotton Patch Café restaurants throughout new and existing markets. The chain of Southern style restaurants currently operates 45 locations throughout NM, OK and TX.
Hobby Lobby Stores, Inc. (405-745-1100) is planning to open a Hobby Lobby store along Route 1 in Woodbridge, NJ. The chain, offering seasonal items, home décor, art, craft and hobby supplies, currently operates more than 600 locations throughout the U.S., and also operates under the tradename Mardel. Freddy’s Custard & Steakburgers (316-7197845) is planning to open 45 restaurants this year, with the first openings slated for LA, IN, MT and OH. The company, offering hot dogs, sandwiches, burgers and dessert items, currently operates more than 135 locations. Jet’s America, Inc. (586-268-5870), through a franchised expansion plan, is opening 21 Jet’s Pizza restaurants throughout 12 states. The company currently operates locations throughout AL, CO, FL, GA, IL, IN, KY, MN, MO, NC, OH, PA, SC, TN, TX, VA and WI.
Sonic Drive-In (405-225-5000), through a franchised expansion plan, is opening 20 to 25 restaurants throughout the northeastern region of the U.S. this year. The company currently operates 3,500 fast-food restaurants nationwide. ECJ Luxe Collection (305-947-8883) is planning to open stores in the Design District area of Miami, FL and in Charlotte, NC. The chain of luxury stores offer jewelry, arts, collectables and antiques. Dog Haus (626-282-4287), through a franchised expansion plan, is opening 75 fast-casual restaurants throughout AZ, CO and UT during 2015. The company offers hot dogs, sausages and hamburgers, in addition to craft beer and wine. Native Foods Café (310-209-1055) plans to double its store count during 2016, adding 30 more units and entering into new markets. The chain of fast-casual restaurants offers D vegetarian and vegan menu options. M
Wal-Mart Stores, Inc. (479-273-4000) is opening a 136,500 sq.ft. Sam’s Club situated on 13.49 acres in upper York County, VA during 2016. The company trades as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express and currently operates more than 11,000 locations, as well as more than 640 Sam’s Club locations nationwide and internationally. Batteries + Bulbs (800-677-8278) is planning to open 50 locations this year. The company offers more than 45,000 batteries, light bulbs and accessories and products for cell phones, computers, camcorders, automobiles and boats and currently operates more than 645 locations nationwide. Dealmakers Magazine | www.dealmakers.net
Batteries + Bulbs is planning to open 50 locations this year. March 6, 2015 | Page 5
FOOD CHAINS EXPAND NATIONWIDE Romano’s Macaroni Grill operates more than 165 locations nationwide and internationally. The Italian restaurants prefer to occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc. Joe’s Crab Shack operates more than 135 locations throughout 30 states nationwide. The seafood restaurants prefer to occupy spaces of 6,500 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Baltimore, MD area and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc. The company will also consider locating in urban central business districts. For more information, contact Les Sax, Sax Realty, Inc., 4931 Cordell Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com. Five Guys Famous Burgers and Fries operates more than 1,000 locations nationwide. The fast-dining restaurants prefer to occupy spaces of 2,200 sq.ft. to 2,700 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout Nassau and Suffolk counties in NY and in CT during the coming 18 months, with representation by Commercial Retail Associates. For more information, contact Director of Real Estate, Commercial Retail Associates, 525 Northern Boulevard, Suite 310, Great Neck, NY 11021; 516-498-1010, Fax 516498-1088; Email: info@comretail.com; Web site: www.comretail.com.
Sonic Drive-In operates more than 3,500 locations nationwide. The fast-food restaurants prefer to occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in freestanding locations with a drive-thru and patio. Growth opportunities are sought throughout Santa Clarita Valley, San Fernando Valley, along the 210/10 Freeway Corridor in San Bernardino, Los Angeles, South Bay, Long Beach and north Orange counties in CA during the coming 18 months, with representation by Coast to Coast Commercial Real Estate. A land area of 25,000 sq.ft. is required for pad sites. Preferred demographics include a population of 25,000 within a 1.5-mile radius earning $40,000 as the median household income. Preferred average daily traffic counts include 45,000 vehicles. The company prefers to acquire sites or ground leases. For more information, contact Devon Wesselink or Clinton Wesselink, Coast to Coast Commercial Real Estate, 26400 La Alameda, Suite 210, Mission Viejo, CA 92691; 949-680-4303/4302; Emails: devon@coast2coastcommercial.com and clinton@coast2coastcommercial.com; Web site: www.coast2coastcommercial.com. Hibachi Grill & Supreme Buffet is looking to occupy 8,000 sq.ft. to 12,000 sq.ft. inline spaces of shopping centers and freestanding locations. Growth opportunities are sought throughout CT, MA, MD, NJ, NY, PA and RI during the coming 18 months, with representation by Atlas Realty Group. For more information, contact Eddie Pershin, Atlas Realty Group, 11016 Rushmore Drive, Suite 160, Charlotte, NC 28277; 704-494-7018; Email: eddiepershin@atlasrealtygroup.org; Web site: www.atlasrealtygroup.org.
Romano’s Macaroni Grill is seeking growth opportunities throughout MD, VA and Washington, DC during the coming 18 months. Page 6 | March 6, 2015
Shinju Japanese Buffet operates five locations throughout Boca Raton, Coral Springs, Davie, Miami and Pembroke Pines, FL. The chain of Japanese buffets prefers to occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in second-generation spaces. Growth opportunities are sought throughout FL during the coming 18 months, with representation by The Rotella Group, Inc. The company prefers to locate in areas with a high daytime or office population. Preferred demographics include a population of 100,000 within a three-mile radius earning a minimum of $70,000 as the average household income. For more information, contact Ray Walsh, The Rotella Group, Inc., 3300 North Federal Highway, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: rwalsh@rotellagroup.com; Web site: www.rotellagroup.com. Hoss’s Steak & Sea House, Inc. trades as Hoss’s Steak & Sea House at 38 locations throughout PA and WV. The restaurants, offering entrees, soups, salads and dessert items, occupy spaces of 7,500 sq.ft. to 9,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Carl Raup, Hoss’s Steak & Sea House, Inc., 170 Patchway Road, Ducanville, PA 16635; 814-693-3354, Fax 814-695-3865; Email: craup@hosscorp.com; Web site: www.hosss.com. Pie Five Pizza Co. currently operates nearly 300 locations nationwide and internationally. The pizzerias prefer to occupy spaces of 1,700 sq.ft. to 2,600 sq.ft. in freestanding locations with outdoor patio space. Growth opportunities are sought throughout the Austin, TX metropolitan surrounding area during the coming 18 months, with representation by Retail Solutions. For more information, contact Tucker Francis, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512-474-5557; Email: tucker@retailsolutions.us; Web site: www.retailsolutions.us. Blaze Fast Fire’d Pizza operates more than 70 locations nationwide. The pizzerias occupy spaces of 2,200 sq.ft. to 2,600 sq.ft. in endcaps and pad sites of lifestyle and mixed-use centers, as well as urban storefronts. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by CBRE | Fameco. The company requires an outdoor patio area and will also consider spaces of 1,500 sq.ft. to 3,000 sq.ft. For more information, contact Jay Miller, CBRE | Fameco, 2 Tower Center Boulevard, 20th Floor, East Brunswick, NJ 08816; 732509-2868; Email: jay.miller@cbre.com; Web site: www.cbre.com. DM Dealmakers Magazine | www.dealmakers.net
REAL ESTATE PROFESSIONALS MAKING THE NEWS Sterling Organization (561-835-1810) recently hired Peggy Wei as managing director of transaction management. In her new role, Wei will oversee the firm’s due diligence team for all investments and execute asset dispositions for the company and its related entities. Prior to joining the company, Wei served as senior director of investments for Federal Realty Investment Trust. Velocity Retail Group, LLC (602-6826020) recently hired Dean Ingram as vice president. The company specializes in the leasing and selling of shopping centers, tenant representation, consulting, investment sales and development services.
SUPERMARKET CHAINS EXPAND NATIONWIDE (continued from page one)
Mal Enterprises, Inc. trades as Check Mart, Lawrence Bros. and Save-A-Lot at 23 locations throughout NM and TX. Lawrence Bros. and Save-A-Lot prefer to occupy spaces of 22,500 sq.ft. in freestanding locations and strip centers. Limited growth opportunities for both supermarket concepts is sought throughout NM and TX during the coming 18 months. For more information, contact Tere Lawrence, Mal Enterprises, Inc., PO Box 8, Sweetwater, TX 79556-0008; 325236-6351, Fax 325-236-6336; Web site: www.lawrencebros.com.
Commercial Investment Capital offers financing of $1 million and up for recourse loans and $2 million and up for non-recourse loans for retail properties throughout CA. Non-recourse loans feature 10-year terms, loan-to-value ratios of up to 75% and 30-year amortization periods. For more information, contact Commercial Investment Capital; 714-343-7346; Email: pclifford@commercialinvestmentcapital.org; Web site: www.commercialinvestmentcapital.org.
Bashas’, Inc. trades as AJ’s Fine Foods at 12 locations throughout AZ. The upscale gourmet markets prefer to occupy spaces of 28,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. The company also trades as Bashas’ at 51 locations throughout AZ and NM. The supermarkets, also offer a pharmacy department, and prefer to occupy spaces of 57,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. The company also trades as Food City at 48 locations throughout AZ. The supermarkets, offering discounted food items, occupy spaces of 42,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years. For more information, contact Department of Real Estate, Bashas’, Inc., PO Box 488, Chandler, AZ 85244; 480-895-9350, Fax 480-895-5340; Email: lashdown@bashas. com; Web sites: www.ajsfinefoods.com, www.bashas.com and www.myfoodcity.com.
Cronheim Mortgage recently negotiated a 10-year loan of $48 million for a 335,000 sq.ft. lifestyle center located in the Cherry Creek neighborhood of Denver, CO. The center is currently 99% occupied and tenants include Whole Foods Market, Crate & Barrel, White House | Black Market and Sur La Table. For more information, contact Andrew Stewart or Allison Moravec, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Emails: andrew.stewart@cronheimmortgage.com and allison.moravec@cronheimmortgage.com; Web site: www.cronheimmortgage.com. DM
Tietgens Enterprises trades as Tietgens Super Rama at six locations throughout central TN. The supermarkets occupy spaces of 14,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Major competitors include Walmart and Kroger. The company prefers to acquire sites. For more information, contact Ed Tietgens, Tietgens Enterprises, 707 Brass Lantern Place, Brentwood, TN 37027; 615373-0769, Fax 615-373-7325; Web site: www.tietgensfoodstores.com.
Friedman Integrated Real Estate Solutions (248-324-2000) recently hired Ken Hamby as vice president of brokerage and advisory services, at the firm’s Phoenix, AZ office. In his new role, Hamby will focus on pursuing new leads for investment sales, as well as management and advisory services for existing clients throughout AZ. Prior to joining the company, Hamby served as asset D manager at LNR Property Corp. M
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Save-A-Lot operates more than 1,300 locations nationwide. The supermarkets, offering discounted food products, occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout southern FL during the coming 18 months, with representation by The Rotella Group. Preferred demographics include a trade-area population of at least 35,000 earning $45,000 as the average household income, in areas with average daily traffic counts of 15,000 vehicles. The company prefers second-generation space and will consider build-to-suit opportunities in highly visible locations. A land area of at least 1.7 acres is required for freestanding locations. For more information, contact Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-5689597; Email: steve@rotellagroup.com; Web sites: www.rotellagroup.com and www.save-a-lot.com. Yoke’s Foods, Inc. trades as Yoke’s Fresh Market at 12 locations throughout ID and WA. The supermarkets occupy spaces of 50,000 sq.ft. to 56,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets, in addition to MT, during the coming 18 months. For more information, contact Scott Brower or John Orton, Yoke’s Foods, Inc., PO Box 141268, Spokane, WA 99214; 509-921-2292, Fax 509-921-6801; Email: yokes@yokesfoods.com; Web site: D www.yokesfoods.com. M
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LEASE SIGNINGS Bennett Williams Realty, Inc. (717-8435555) recently negotiated the following leases throughout PA: with Power Train Sports East York for 6,600 sq.ft. along Cinema Drive in York County, with Chad Stine, Brad Rohrbaugh and Abe Khan of Bennett Williams Realty, Inc. representing the landlord in the transaction; with Sprint for 1,864 sq.ft. at Colonial Commons, located along Jonestown Road in Dauphin County, PA, with Abe Khan representing the tenant in the transaction; with Caruso’s Italian Restaurant for 2,400 sq.ft. at Bailey Springs Shopping Center, located along Bailey Drive in York County, with Chad Stine, Brad Rohrbaugh and Karen Neiderer of Bennett Williams Realty, Inc. representing the landlord and tenant in the transaction; with Amelia’s Grocery for 16,740 sq.ft. at Chambersburg Plaza, located along Lincoln Way East in Franklin County, with Chad Stine, Brad Rohrbaugh and Mark Jacobs of Bennett Williams Realty, Inc. representing the landlord in the transaction and with AT&T Mobility for 2,400 sq.ft. along North Susquehanna Trail in Snyder County, with Chad Stine and Brad Rohrbaugh representing the tenant in the transaction. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) recently negotiated the following leases throughout WI: with Four Star Beauty Supply for 2,627 sq.ft. along Metro Drive in Appleton, with Scott Satula of Mid-America Real Estate – Wisconsin, LLC representing the tenant in the transaction; with Metro PCS for 1,750 sq.ft. at Highland Plaza, located along West Brown Deer Road in Milwaukee, with Andrew Prater of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction and for 2,000 sq.ft. at Timmerman Plaza, located along West Silver Spring Drive in Milwaukee, with Scott Satula and Teresa Shemitis of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction and with Aldi on a land area of 2.27 acres at Bunny’s Corner in Sun Prairie, with Joe Kleiman and Dan Rosenfeld of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction. The Rotella Group, Inc. (954-568-9015) recently negotiated 12 leases with Dollar Tree throughout southeastern FL totaling 140,000 sq.ft., with Steve Miller of The Rotella Group, Inc. representing the tenant in the transactions. First Western Properties (773-545-2000) recently negotiated a deal with Metro PCS for space along West 79th Street in Chicago, IL. Page 8 | March 6, 2015
illi Commercial Real Estate (818-501-2212) recently negotiated the following leases throughout CA: for three-years with Cricket Wireless for 1,305 sq.ft. along Victory Boulevard in Reseda, with J. Richard Leyner and Michael Haim Sharon of illi Commercial Real Estate representing the landlord and tenant in the transaction; four years with Metro PCS for 853 sq.ft. along Rosecrans Avenue in La Mirada, with Todd Nathanson and Sam Aaron of illi Commercial Real Estate representing the landlord in the transaction; two-years with 4 Ever Legal for 1,150 sq.ft. along Van Nuys Boulevard in Van Nuys, with Kyle Fishburn of illi Commercial Real Estate representing the landlord in the transaction and one year with Bear State Native Plants for 1,500 sq.ft. along Parthenia Street in Northridge, with Greg Offsay of illi Commercial Real Estate representing the landlord and tenant in the transaction. Midland Atlantic Properties (317-580-9900) recently negotiated a lease with Mooyah Burgers Fries & Shakes for 2,226 sq.ft. at Stony Creek Marketplace in Noblesville, IN. Jeff Hubley of Midland Atlantic Properties represented the tenant in the transaction and Larry Davis of Sitehawk Retail Real Estate represented the landlord in the transaction. CBRE | Raleigh (919-831-8200) recently negotiated the following leases throughout NC: with Pizza Hut for 1,500 sq.ft. at the intersection of Fifth Street and McLean Street in St. Pauls; with Whatever’s Quilted, Inc. for 1,200 sq.ft. at Capital Plaza in Wake Forest; with The Tutu School for 975 sq.ft. and with Massage Envy for 3,600 sq.ft. at Wake Forest Crossing II in Wake Forest, with Christina Coffey representing the tenants in the transaction. Argent Retail Advisors (888-301-1888) recently negotiated a 10-year lease with Sherwin-Williams for 3,975 sq.ft. along Katella Avenue in Los Alamitos, CA. The company represented the tenant in the transaction. DM
EXCLUSIVES AND TENANT REPS R.J. Brunelli & Co. (732-721-5800) is representing the following retailers with their expansion plans: Speedpro Imaging occupying spaces of 2,500 sq.ft. to 3,500 sq.ft. in flexspace locations throughout the continental U.S.; The Joint utilizing spaces of 1,000 sq.ft. to 1,500 sq.ft. in anchored shopping centers in middle-to-upper-income areas throughout Essex, Passaic and Morris counties in NJ and Amazing Lash Studio using spaces of 1,600 sq.ft. to 2,500 sq.ft. in storefronts throughout Monmouth, Middlesex, Somerset, Union, Morris, Hudson, Essex, Passaic and Bergen counties in NJ and Staten Island, Long Island and Westchester County, NY, with a preferred female demographic of 20,000 aged 19 to 34 within a three-mile radius. Thur Retail (703-879-4970) is representing Neo Pizza & Craft Beer with its expansion plans throughout Baltimore, MD. The restaurants prefer to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and lifestyle or power centers. Preferred cotenants include Chipotle, Target, Whole Foods and Chick-fil-A. JBGR Retail (301-657-9850) is representing Pho Eatery with its expansion plans throughout Montgomery and Fairfax counties in VA and Washington, DC. The restaurants prefer to occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. LandQwest Commercial (407-257-8246) is representing Chilito Green with its expansion plans throughout central FL. The chain of Mexican restaurants is looking to occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in regional, power, lifestyle or strip centers. KB Real Estate, Inc. (847-441-4425) is representing Devil Dawgs with its expansion plans throughout Wicker Park, Bucktown, West Loop and Hyde Park areas of IL. The restaurants prefer to occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. DM
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LEAD SHEET Oakley Sarah Green c/o Northwest Atlantic (Canada), Inc. 864 York Mills Road Toronto, Ontario, Canada M3B 1Y4 416-391-6964, Fax 416-391-1300 Email: sgreen@nwaretail.com Web site: www.nwaretail.com
Accessories The chain operates locations worldwide. The stores, offering sunglasses, watches, apparel and accessories, occupy spaces of 2,000 sq.ft. in enclosed shopping centers. Growth opportunities are sought throughout Canada during the coming 18 months, with representation by Northwest Atlantic (Canada), Inc.
The Cato Corp. dba Cato Fashions, It’s Fashion and Versona Accessories Dan McCall PO Box 34216 Charlotte, NC 28216 704-551-7508, Fax 704-551-7594 Email: dhmcc@catocorp.com Web site: www.catocorp.com
Apparel The chain operates more than 1,345 locations nationwide in 32 states. The stores, offering women’s apparel and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in strip centers. Growth opportunities are sought throughout DE, IL, IN, KY, MD, MI, NC, NJ, NY, OH, PA, VA and WV during the coming 18 months.
Michael’s Vic Montalbo c/o Epsteen & Associates 450 Washington Boulevard Marina del Rey, CA 90292 310-451-8171 Ext. 230, Fax 310-395-6361 Email: vmontalbo@epsteen.com Web site: www.epsteen.com
Arts/Crafts/Fabrics The chain operates more than 1,165 locations nationwide and in Canada. The stores, offering arts, crafts, framing and scrapbooking items, as well as seasonal products, occupy spaces of 23,000 sq.ft. in regional shopping centers. Growth opportunities are sought throughout the greater Los Angeles, CA area during the coming 18 months, with representation by Epsteen & Associates.
Brooks Auto Parts Co., Inc. dba Brooks Auto Parts Wayne Marsh 402 South Peterson Avenue Douglas, GA 31533 912-384-7818, Fax 912-384-1849
Automotive The 42-unit chain operates locations throughout GA. The automotive parts and accessories stores occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Jiffy Lube International, Inc. dba Jiffy Lube Tom Lane PO Box 4427 Houston, TX 77210-4458 713-241-7888, Fax 713-546-3656 Email: thomas.lane@shell.com Web site: www.jiffylube.com
Automotive The chain operates more than 2,200 locations throughout North America. The automotive service centers occupy spaces of 1,900 sq.ft. to 4,400 sq.ft. in freestanding locations and power centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred cotenants include Target and big box retailers. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average household income. The company is franchising.
Cards for Less Stuart Kramer c/o First Development Corp. Realty 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200
Cards The 12-unit chain operates locations throughout Long Island, Queens and Staten Island, NY. The card shops occupy spaces of 2,200 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by First Development Corp. Realty. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores.
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March 6, 2015 | Page 9
LEAD SHEET HN Funkhouser & Co. dba Handy Mart Bob Claytor PO Box 2038 Winchester, VA 22604 540-662-9000 Email: bclaytor@hnfunkhouser.com Web site: www.hnfunkhouser.com
Convenience The 20-unit chain operates locations throughout VA. The convenience stores, with gasoline facilities, occupy spaces of 2,100 sq.ft. to 7,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout the northern Shenadoah Valley area in VA during the coming 18 months. Typical leases run 15 to 25 years. A land area of 1.5 to four acres is required.
Planet Beauty, Inc. dba Planet Beauty Bahman Fakhimi 3199 – A Red Hill Avenue Costa Mesa, CA 92626 949-752-1885, Fax 949-752-1887 Email: bahman@planetbeauty.com Web site: www.planetbeauty.com
Cosmetics The 35-unit chain operates locations throughout CA. The beauty supply stores occupy spaces of 1,400 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout Phoenix, AZ; CA; Las Vegas, NV and the Washington, DC metropolitan area during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 20,000 within one mile earning $100,000 as the average household income. The company prefers to locate in affluent neighborhoods.
Bealls, Inc. dba Bealls Outlet and Burkes Outlet Phil Knuth 700 13th Avenue East Bradenton, FL 34208 941-744-4719, Fax 941-744-4931 Email: pknuth@beallsinc.com Web site: www.beallsinc.com
Department Store The 500-unit chain operates locations throughout AL, AR, AZ, FL, GA, KY, LA, MS, NC, NM, NV, SC, TN, TX, VA and WV. The stores, offering family apparel, footwear, accessories and home dĂŠcor items, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in power, lifestyle and strip centers. Growth opportunities are sought for the Bealls Outlet concept throughout AZ, FL and GA, while growth opportunities are sought for the Burkes Outlet concept throughout NC and TX during the coming 18 months.
Dollar General Jason Pierson, Gregg Medvin or Ryan Starkman c/o Pierson Commercial Real Estate 704 Ginesi Drive, Suite 24 Morganville, NJ 07751 732-707-6900 Ext.1/3/5 Email: jason@piersonre.com Web site: www.piersonre.com
Discount The chain operates more than 11,500 locations nationwide in 40 states. The stores, offering discounted general merchandise, health and beauty items, housewares and seasonal items, occupy spaces of 7,500 sq.ft. to 12,000 sq.ft. in freestanding buildings on pad sites. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Pierson Commercial Real Estate. A land area of .75 to 1.5 acres is required. Preferred cotenants include national retailers. The company prefers to locate in areas with high visibility, easy accessibility and prominent signage. Build to suit, lease or conversion opportunities will also be considered.
Dipson Theatres, Inc. dba Dipson Theatres Michael Clement 388 Evans Street Williamsville, NY 14221 716-626-9613, Fax 716-626-9614 Email: info@dipsontheatres.com Web site: www.dipsontheatres.com
Entertainment The eight-unit chain operates locations throughout NY and PA. The move theaters occupy spaces of at least 25,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company will consider second-generation spaces, as well as new construction opportunities.
Epic Theatres Tom Heer c/o LandQwest Commercial 3700 34th Street, Suite 302 Orlando, FL 32805 407-660-7500, Fax 407-660-7600 Web site: www.lqwest.com
Entertainment The seven-unit chain operates locations throughout FL, NC and PA. The movie theaters prefer to locate on land areas of nine to 10 acres. Growth opportunities are sought throughout central FL during the coming 18 months, with representation by LandQwest Commercial. The company prefers to locate in areas with strong visibility and good access.
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LEAD SHEET Amscot Corp. dba Amscot Joseph Monaco 600 North Westshore Boulevard, Suite 1200 Tampa, FL 33609 813-637-6237, Fax 813-637-6232 Email: jmonaco@amscotfinancial.com Web site: www.amscotfinancial.com
Finance The chain operates more than 230 locations throughout central and southern FL. The financial service centers occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout southern FL during the coming 18 months.
U.S. Money Shop dba Eddie Pershin c/o Atlas Realty Group 11016 Rushmore Drive, Suite 160 Charlotte, NC 28277 704-494-7018 Email: eddiepershin@atlasrealtygroup.org Web site: www.atlasrealtygroup.org
Finance The 11-unit chain operates locations throughout GA and TN. The pawn shops and financial services centers prefer to occupy 1,000 sq.ft. to 1,600 sq.ft. inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout select markets in NC and SC during the coming 18 months, with representation by Atlas Realty Group.
Drybar Navin Bhutani c/o The Greenberg Group, Inc. 1200 West Broadway Hewlett, NY 11557 516-295-0406 Email: navin@thegreenberggroup.com Web site: www.thedrybar.com
Hair The chain operates 40 locations throughout AZ, CA, GA, IL, MA, NY, TX and Washington, DC. The salons offer blowouts and hair styling treatments and prefer to occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in malls, lifestyle centers and street fronts. Plans call for 30 openings throughout Los Angeles and San Diego, CA; Miami, FL; Atlanta, GA; Chicago, IL; Boston, MA; Las Vegas, NV; New York, NY; Philadelphia, PA; Houston, TX and Toronto, Canada during 2015.
Toni & Guy Hair Salon Steve Ewing c/o Edge Realty Partners 5950 Berkshire Lane, Suite 2000 Dallas, TX 75225 214-545-6900 Email: sewing@edge-re.com Web site: www.edge-re.com
Hair Salons The chain operates 37 locations throughout AZ, CA, CO, CT, FL, GA, ID, NJ and TX. The hair salons occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations, power and strip centers, as urban/downtown areas. Growth opportunities are sought throughout TX during the coming 18 months, with representation by Edge Realty Partners.
Beverages & More, Inc. dba BevMo! Greg Endom 1401 Willow Pass Road, Suite 900 Concord, CA 94520 925-609-6031, Fax 925-798-7150 Email: endomg@bevmo.com Web site: www.bevmo.com
Liquor Store The 155-unit chain operates locations throughout AZ, CA and WA. The stores, offering wine, spirits, beer and related accessories and gift items, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in freestanding locations, power and strip centers, as well as urban areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with three, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include, Best Buy, Costco, Trader Joe’s, Target and Fresh & Easy. Preferred demographics include a population of 125,000 to 150,000 within a 10-minute-drive-time.
Sam Ash Music Corp. dba Sam Ash Music Sammy Ash 278 Duffy Avenue Hicksville, NY 11801 516-932-6400, Fax 516-938-1437 Email: sam.ash@samashmusic.com
Music The 46-unit chain operates locations throughout AZ, CA, CT, FL, GA, IL, IN, NC, NJ, NV, NY, OH, PA, TN, TX and VA. The stores, offering musical instruments, sound systems and recording equipment, occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in freestanding locations, malls and power centers. Growth opportunities are sought throughout Houston, TX during the coming 18 months.
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March 6, 2015 | Page 11
LEAD SHEET Off Broadway Shoes dba Off Broadway Shoe Warehouse Kirk Light 8310 Technology Drive Charlotte, NC 28262 704-501-4673, Fax 704-547-8158 Email: klight@obshoes.com Web site: www.obshoes.com
Shoes The chain operates more than 75 locations throughout AZ, CA, CO, FL, GA, IL, IN, KS, KY, MA, MD, MO, NC, NH, NY, NV, PA, RI, SC, TN, TX, VA and WV. The shoe stores occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in lifestyle, outlet, power and strip centers. Growth opportunities are sought throughout AL, AR, AZ, CA, CO, CT, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, NE and NJ during the coming 18 months.
VF Outdoor, Inc. dba Vans and Vans Outlet Rob Groscup 6550 Katella Avenue Cypress, CA 90630 714-889-6100 Email: rob_groscup@vfc.com
Shoes The 343-unit chain operates locations nationwide. Vans prefers to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. and Vans Outlet prefers to occupy spaces of 3,200 sq.ft. to 6,000 sq.ft. in regional and super-regional shopping centers. Plans call for 25 to 30 openings throughout the existing market during the coming 18 months.
Bed Bath & Beyond, Inc. dba buybuy Baby Les Sax c/o Sax Realty, Inc. 4931 Cordell Avenue Bethesda, MD 20814 240-497-1192 Email: lsax@saxrealty.com Web site: www.saxrealty.com
Specialty The chain operates 93 locations nationwide and in Canada. The stores, offering children’s and infant furniture, apparel, toys and strollers, occupy spaces of 23,000 sq.ft. to 30,000 sq.ft. in regional power centers. Growth opportunities are sought throughout DE, MD, northern VA and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc.
Senor Frogs Steve Miller c/o The Rotella Group, Inc. 3300 North Federal Highway Ft. Lauderdale, FL 33306 954-568-9015 Email: steve@rotellagroup.com Web site: www.rotellagroup.com
Specialty The chain operates more than 15 locations throughout the U.S., Mexico and the Carribean. The bar/restaurants occupy spaces of 4,500 sq.ft. to 10,000 sq.ft. in tourist centers. Growth opportunities are sought throughout the southeast region of FL during the coming 18 months, with representation by The Rotella Group, Inc.
Dare 2B Different, Inc. dba Phantom Halloween Ryan Goldman 2799 East Sierra Drive Westlake Village, CA 91362 818-648-4513 Email: ryan@phantomhallween.com
Temporary Tenants The chain operates three locations in CA. The company, offering Halloween costumes and related accessories, prefers to occupy spaces of 5,000 sq.ft. in regional malls, freestanding locations, entertainment, mixed-use, outlet, power, specialty and tourist centers. Plans call for 20 openings throughout southern CA. The company operates two concepts, one seasonal and one permanent, with seasonal agreements typically running three months, while permanent sites terms include one to three-year leases. Preferred cotenants include national big box retailers. Preferred demographics include a trade-area population earning a minimum of $60,000 as the average household income. Major competitors include Party City and Spirit Halloween.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 12 | March 6, 2015
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SPACE PLACE Alabama
Arizona
Arkansas
Northport – A center located at the intersection of McFarland Boulevard and Lurleen B. Wallace Boulevard, has a space of 7,346 sq.ft. available. Cotenants include Tuesday Morning and Pet Supermarket. Area demographics include a population of 90,046 within five miles earning $37,392 as the median household income. For more information, contact David Plummer, Retail Specialists, 205314-0395, Fax 205-313-3677; Email: david@retailspecialists.com.
For more information, contact Theodore Claassen, Jr., OX Urban Properties, 7154 East Stetson Drive, Suite 330, Scottsdale, AZ 85251; 602-524-6000; Email: tj@theodoreclaassen.com.
For more information, contact Jacqueline Boyette, Commercial Realty, LLC, 1 Remington Drive, Suite 100, Little Rock, AR 72204; 501-219-0919, Fax 501-219-0755; Email: land9685@commercialrealtyllc.com; Web site: www.commercialrealtyllc.com.
Arkansas
Bentonville – The Centre at Fountain Plaza has an endcap space of up to 7,947 sq.ft. available. Cotenants include Smashburger, Edible Arrangements, Jimmy John’s and Paris Nails. Area demographics include Arizona a population of 85,587 within five miles earning $49,758 as the average household Scottsdale – The Shoppes at Agua Caliente, income. The average daily traffic count is a 50,000 sq.ft. lifestyle center located at 38,000 vehicles. The asking rent is $19.50 the intersection of Scottsdale Road and to $22 psf. Little Rock – The Shoppes at Shea Boulevard, has retail spaces available. Colonel Glenn, a 14,624 sq.ft. strip center Cotenants include Eggstasy, Ajo Als, Kid located at the intersection of Colonel Glenn Stop, Baby Stop, Cor Yoga and Zaks Road and Colonel Glenn Centre Drive, has Chocolate. Area demographics include a inline spaces available, along with an endcap population of 60,000 within three miles space. Cotenants include Shipley’s Donuts. earning $100,000 as the average household Area demographics include a population of income. The average daily traffic count is 97,449 within five miles earning $58,770 as 100,000 vehicles along Shea Boulevard. The the average household income. The asking asking rent is $22 psf. rent is $19.50 to $22 psf. ANALYSIS • MODELING • STRATEGY • PROSPECTING 1.800.732.5856 • ann@dealmakers.net
OPTIMIZE YOUR
TENANT MIX
Page 14 | March 6, 2015
California Agoura Hills – A center located at the intersection of Canwood Street and Reyes Adobe Road has inline space available, as well as an endcap. Area demographics include a population of 85,569 within five miles earning $137,007 as the average household income. The average daily traffic count is 24,000 vehicles. San Fernando – A 2,340 sq.ft. street level retail space is available at the intersection of Maclay Avenue and First Street. Area retailers include Chipotle, Cold Stone Creamery, Starbucks, El Pollo Loco, Subway and Yogurtland. Area demographics include a population of 455,690 within five miles earning $70,983 as the average household income. Thousand Oaks – A shopping center located along East Thousand Oaks Boulevard, between Los Feliz Drive and North Conejo School Road, has spaces from 669 sq.ft. to 8,225 sq.ft. available, along with a 1,100 sq.ft. restaurant space. Area retailers include Pep Boys Auto, Umani Burger, Tommy Bahama and California Pizza Kitchen. Area demographics include a trade area population within five miles earning $102,309 as the average household income. For more information regarding the Agoura Hills property, contact Todd Nathanson or Jeffrey Shore, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 101/105, Fax 818-501-2202; Email: todd@illicre.com; Web site: www.illicre.com. For more information regarding the San Fernando property, contact George Ross or Mindy Allen, 818-501-2212 Ext. 115/103; Email: george@illicre.com. For more information regarding the spaces in Thousand Oaks, contact Todd Nathanson, Kyle Fishburn or Jonathan Daniels. La Habra – Outparcels of 29,110 sq.ft., 31,435 sq.ft., 44,055 sq.ft. and 80,267 sq.ft., which can be combined, are available for ground lease or sale along Imperial Highway. Area retailers include CVS, Walmart and Howard’s Appliances. Area demographics include a population of 418,837 within five miles earning $92,332 as the average household income. Southgate – A 1,250 sq.ft. space is available at the intersection of Imperial Highway and Garfield Dealmakers Magazine | www.dealmakers.net
SPACE PLACE California Avenue. Cotenants include 7-Eleven. Area demographics include a population of 913,047 within five miles earning $58,039 as the average household income. For more information, contact Greg Jones, Jones Commercial Real Estate, 440 West Whittier Boulevard, La Habra, CA 90631; 562-697-3333 Ext. 21; Email: greg@jonesre.net; Web site: www.jonesre.net. San Jose – A property located at the intersection of Royal Avenue and West San Carlos Street, has a junior anchor space of 26,000 sq.ft. available, along with 4,000 sq.ft. of inline space. The site is adjacent to an Orchard Supply Hardware store. Area demographics include a population of 674,268 within five miles earning $90,165 as the average household income. The average daily traffic count is 25,000 vehicles along West San Carlos Street. For more information, contact Josh Amoroso, Lockehouse, 477 9th Avenue, Suite 100, San Mateo, CA 94402; 650-548-2686; Email: amo@lockehouse.com; Web site: www.lockehouse.com.
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Connecticut Bristol – Spaces from 1,100 sq.ft. to 12,800 sq.ft. are available at Bristol Commons and Bristol Annex, located along US Route 6. Cotenants include Price Chopper, AT&T, Olympia Sports, Boston Market, Hallmark, Leslie’s Pool Supplies, Planet Fitness, Game Stop and Sleepy’s. Area demographics include a population of 104,290 within five miles earning $67,772 as the median household income. The average daily traffic count is 22,200 vehicles. For more information, contact Fairfield Retail Partners, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200; Web site: www.fairfieldretail.com.
Florida Kissimmee – A 7,383 sq.ft. restaurant space is available along West Osceola Parkway. Area retailers include Best Buy, Lowe’s, T.J. Maxx, JC Penney, DSW, Bealls and Bonefish Grill. Area demographics include a population of 198,087 within five miles earning $42,210 as the median household income. For more information, contact Danielle O’Hara Murphy or Blake Hunter, SRS Real Estate Partners, 200 South Orange Avenue, Suite 1300, Orlando, FL 32801; 407-563-6124/407-455-5025;
Find tenants to fill your freestanding sites. Find tenants that occupy freestanding locations. Use FreestandingTenants.com. FreestandingTenants.com gets you access to the real estate decision maker for over 2,000 retailers looking to occupy freestanding, single-tenant and outparcel locations. The directory includes national and regional chains in addition to new concepts with 60+ types of retail uses. Visit FreestandingTenants.com for a demo today!
(continued on page sixteen)
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March 6, 2015 | Page 15
SPACE PLACE Florida (continued from page fifteen)
Email: danielle.oharamurphy@srsre.com; Web site: www.srsre.com.
Indiana Indianapolis – A center located along Fox Road, has a space up to 2,600 sq.ft. available. Cotenants include Sport Clips, Accelerated Health and Noble Roman’s Take-n-Bake. Area demographics include a population of 46,027 within three miles earning $115,447 as the average household income. For more information, contact Jeff Hubley, Midland Atlantic, 9000 Keystone Crossing, Suite 850, Indianapolis, IN 46240; 317-5809900; Email: jhubley@midlandatlantic.us; Web site: www.midlandatlantic.com.
Maryland Edgewater – Edgewater Village Center, located along West Central Avenue, has a pad site of 3,680 sq.ft. available. Area retailers include Safeway. The average daily traffic count is 20,000 vehicles. For more information, contact Joseph Farina, Divaris Real Estate, Inc., 8000 Westpark Drive, Suite 630, McLean, VA 22102; 571-620-5142; Email: jfarina@divaris.com; Web site: www.divaris.com.
Massachusetts Bedford – A 1,607 sq.ft. space is available along Great Road. Area retailers include Stop & Shop, Café Luigi, Marshalls, Starbucks, McDonald’s, Whole Foods Market, Chipotle, T.J. Maxx, The Paper Store and Dunkin’ Donuts. Area demographics include a population of 30,892 within three miles earning $117,849 as the median household income. The average daily traffic count is 23,500 vehicles. Boston – A 1,500 sq.ft. street level retail space is available at the intersection of Charles Street and Mt. Vernon Street. Area retailers include Peet’s Coffee & Tea. Area demographics include a population of 67,798 within one mile earning $128,086 as the average household income. For more information regarding the Bedford property, contact Adam Conviser or Jim Conviser, Conviser Property Group, 858 Washington Street, Suite 306, Dedham, MA 02026; 781-320-0600, Fax 781-791-4955; Email: adam@conviserpg.com; Web site: www.conviserpg.com. For more information regarding the Boston property, contact Adam Conviser. Page 16 | March 6, 2015
Massachusetts
New York
Cambridge – A 2,004 sq.ft. endcap space is available along Route 2A, between Alewife Brook Parkway and Porter Square. The average daily traffic count is 21,000 vehicles. For more information, contact JC Nachtwey, CRG Commercial, 1280 Centre Street, Newton Centre, MA 02459; 617-7192026; Email: jc@crgcommercial.com; Web site: www.crgcommercial.com.
Trader Joe’s, Equinox and It’Sugar. Also – A 2,000 sq.ft. ground floor space, a 1,500 sq.ft. ground floor space, and a 1,500 sq.ft. basement, are all available along Flatbush Avenue, between Avenue P and Flatlands Avenue. Area retailers include Telco Stores, Sports PT, Deal$, Chase Bank, Subway, KFC, Pizza Hut, Rite Aid and Walgreens. For more information, contact Ryan Condren, Kristina Triglia or George Danut, CPEX Real Estate Services, 81 Willoughby Street, 8th Floor, Brooklyn, NY 11201; 718687-4212/4206/4220, Fax 718-935-1822; Email: rcondren@cpexre.com; Web site: www.cpexre.com.
Mississippi Olive Branch – The Village Shops, a 186,500 sq.ft. neighborhood center located at the intersection of Highway 78 and Goodman Road, has an anchor or junior anchor pad site of up to 50,000 sq.ft. available. Cotenants include Kroger, Petco, Sears, Panera Bread, McDonald’s, Subway, T-Mobile, Applebee’s, Back Yard Burgers and Casa Mexicana. Area demographics include a population of 80,814 within five miles earning $74,084 as the average household income. For more information, contact John Reed, The Shopping Center Group, 901-334-5704; Email: john.reed@tscg.com.
New York Bronx – A 1,500 sq.ft. restaurant space is available along Southern Boulevard. Area demographics include a population of 164,907 within one mile earning $34,617 as the average household income. The asking rent is $32 psf. For more information, contact David Modesto, WHEDco, 50 East 168th Street, Bronx, NY 10452; 347-803-5743; Email: info@southernblvd.org. Bronx – A 3,000 sq.ft. street level corner retail space, with a basement, is available at the intersection of Grand Concourse and 184th Street. Area retailers include Dunkin’ Donuts, Urban Total Fitness, Metro PCS, Blink Fitness, Boost Mobile, Jennifer Convertibles and Ashley Stewart. For more information, contact Noel Caban, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2638; Email: noel@winick.com; Web site: www.winick.com. Brooklyn – A 2,200 sq.ft. ground floor space, a 1,280 sq.ft. second floor space, and a 1,518 sq.ft. basement, are all available along Court Street, between Livingston Street and Schermerhorn Street. Area retailers include Sephora, Barney’s Co-Op, Urban Outfitters, Splendid, Barnes & Noble, Starbucks,
New York – A 1,000 sq.ft. street level retail space, with a 1,000 sq.ft. basement, is available along Bedford Avenue. Area retailers include Whole Foods Market, Urban Outfitters, Umami Burger, Dos Toros, The Meatball Shop, Joe Fresh, Duane Reade and Subway. For more information, contact Hymie Dweck or Joseph Colista, Newmark Grubb Knight Frank Retail, 212-372-2060/2191; Email: hdweck@ngkf.com; Web site: www.ngkf.com.
North Carolina Charlotte – Brookdale Shopping Center, a 99,238 sq.ft. neighborhood center located at the intersection of Interstate 485 and Rocky River Road, has spaces of 1,008 sq.ft., 1,440 sq.ft. and 1,500 sq.ft. available. Cotenants include Harris Teeter, Crossfit, GNC, Subway, The UPS Store, Great Clips and Antonio’s Pizza. Area demographics include a population of 35,681 within three miles earning $89,668 as the average household income. The average daily traffic count is 13,000 vehicles along Rocky River Road. The asking rent is $22 psf NNN. Also – A 685 sq.ft. ground floor space and a 1,700 sq.ft. ground floor space, which can be combined, are available along North Davidson Street. Area retailers include Cabo Fish Taco, Crepe Cellar, Fifth Third Bank, Dolce Vita, YMCA, Revolution Pizza and Boudreaux’s Louisiana Kitchen. Area demographics include a population of 234,914 within five miles earning $60,111 as the average household income. The average daily traffic count is 9,100 vehicles. The asking rent is $17 to $21.50 psf NNN. For more information, contact Keely Simerville, MPV Properties, 521 East Morehead Street, Suite 400, Charlotte, NC 28202; 704-367-5021; (continued on page eighteen)
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retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 5,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and TenantSearch users receive leads daily via email for online users. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our website at www.tenantsearch.com
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SPACE PLACE North Carolina (continued from page sixteen)
Email: ksimerville@mpvre.com; Web site: www.mpvre.com.
Pennsylvania Easton – William Penn Plaza, located at the intersection of William Penn Highway and Greenwood Avenue, has spaces from 1,050 sq.ft. to 2,550 sq.ft. available. Cotenants include Weis, Friendly’s, Subway and Game Stop. Area demographics include a population of 126,908 within five miles earning $75,575 as the average household income. For more information, contact Joe Dougherty or Valerie Pettine, Metro Commercial Real Estate, Inc., Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-260-2670/2661; Email: jdougherty@metrocommercial.com; Web site: www.metrocommercial.com. Lewistown – Supercenter Plaza, a 41,060 sq.ft. center, has an inline space of 3,200 sq.ft. available, along with a 1,400 sq.ft. pad site. Cotenants include Dollar Tree,
Pennsylvania
Virginia
Verizon Wireless, Payless Shoe Source, Napa Auto Parts, Regis Hair Salon, Game Stop and H&R Block. Area demographics include a population of 21,910 within five miles earning $42,128 as the average household income. Red Lion – Windsor Commons, a 151,312 sq.ft. center located at the intersection of Route 24 and Chapel Church Road, has two spaces of 1,600 sq.ft. available, along with spaces of 2,000 sq.ft. and 4,000 sq.ft. Cotenants include Giant, Dunkin’ Donuts, Metro Bank, Sonic, Pizza Hut, Subway, GNC, Great Clips and Radio Shack. Area demographics include a population of 85,648 within five miles earning $72,946 as the average household income. For more information regarding Supercenter Plaza, contact Marisa Benjamin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: mbenjamin@lms-pma.com; Web site: www.lms-pma.com. For more information regarding Windsor Commons, contact Joseph Deerin or David Nicholson; Email: jdeerin@lms-pma.com.
Danville – Coleman Marketplace, a 460,000 sq.ft. center located along Holt Garrison Parkway, has inline spaces available, along with outparcels. Cotenants include Target, Home Depot, Dick’s Sporting Goods, Petco, Ross Dress for Less, Old Navy and Marshalls. Area demographics include a population of 52,573 within five miles earning $44,619 as the average household income. For more information, contact Brian Bock or Mike Weisberg, Taylor Long Properties, 10142 West Broad Street, Glen Allen, VA 23060; 804-864-9788 Ext. 106/107, Fax 804-864-9789; Email: brianbock@taylorlongproperties.com; Web site: www.taylorlongproperties.com. Manassas – A 3,400 sq.ft. freestanding restaurant with a drive-thru is available along Dumfries Road. Area retailers include Giant. Area demographics include a trade area population of 39,060. For more information, contact Chris Pamboukian, Tetra Partners, 703-796-1800 Ext. 105; Email: chris@tetrapartners.com; D Web site: www.tetrapartners.com. M
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